Search results
Results from the WOW.Com Content Network
Tesla, Inc. (/ ˈ t ɛ s l ə / TESS-lə or / ˈ t ɛ z l ə / TEZ-lə [a]) is an American multinational automotive and clean energy company. Headquartered in Austin, Texas, it designs, manufactures and sells battery electric vehicles (BEVs), stationary battery energy storage devices from home to grid-scale, solar panels and solar shingles, and related products and services.
Tesla was incorporated (as Tesla Motors) on July 1, 2003, by Martin Eberhard and Marc Tarpenning in San Carlos, California. [2] [3] [4] The founders were influenced to start the company after General Motors recalled all its EV1 electric cars in 2003 and then destroyed them, [5] and seeing the higher fuel efficiency of battery-electric cars as an opportunity to break the usual correlation ...
In May 2024, Ambri filed for Chapter 11 bankruptcy protection, claiming that it had run through all of its cash received by investors, which included firms that were linked to Bill Gates and John Paulson. The company currently has plans to sell itself to noteholders, and will remain operational during the bankruptcy proceedings. [13]
The company delivered 199 new transit buses and battery systems for 1,229 vehicles in 2022. The company filed for Chapter 11 bankruptcy in August 2023. [3] In November, its assets were split into three divisions and sold off. The Proterra Powered powertrain manufacturing business line will operate as an independent company within the Volvo Group.
Northrop Grumman Corporation is an American multinational aerospace and defense company. With 95,000 employees [3] and an annual revenue in excess of $30 billion, it is one of the world's largest weapons manufacturers and military technology providers.
With the acquisition of the exploration and production business of Dominion Resources in 2010, the company has access to over 3.7 trillion cubic feet of proved clean-burning natural gas reserves in Pennsylvania, West Virginia and Ohio, including coalbed methane and shale beds. The company currently has nearly 13,000 net producing wells. [23]
Bankruptcy discussions centered around the prospect of Chapter 11 bankruptcy, commonly called restructuring, commonly used to provide a window of opportunity for a corporation to renegotiate contracts, sell assets or component businesses for cash, obtain debt forgiveness, or otherwise reform itself as a viable business enterprise.
By 1999, its total paper and packaging production was more than four million metric tonnes per year. [1] During the Asian Debt Crises in 2001, APP defaulted on $13.9 billion of debt. The default was reported as the largest debt default in the history of the Asian markets, with APP also filing for bankruptcy in the United States. [5]